The process of identifying and complying with payments regulation that applies to a startup business is probably less daunting than common perceptions of the process, caused in part by the arm-waving of lawyers and compliance specialists (like me) trying to scare startup businesses to take the regulatory requirements seriously, and perhaps over-succeeding. So let me take a stab at dialing back some of the hysteria over payments regulation."

Broox has done a lot of work in and around this space - his perspective is a very thoughtful one. Share your reaction by adding a comment at the end of his article.

Broken Payment System Guarantees Another Breach Like Target - American Banker BankThink (Doug Kantor, MCX) - "Real card security standards need to come from an objective source, such as a standard-setting organization or regulator, not the card companies, if we are ever going to turn around our dismal results."

O2 closes mobile wallet - Mobile World Live - "O2 said it had decided to close the wallet “to give us time to look into new and better ways to help people manage their money on the move, both in the UK and abroad”."